Did you know the scalability of a business not only makes a business more enjoyable to own, but also increases the market value of a business? Scalability is an important topic that many business owners don't take the time to consider. When a business is not scalable it hits its...
When working with a team member who is having issues with job performance one concern that leaders often voice is, “Have we done all that we can?” And it’s because of that concern that many business owners keep team members who are not performing, or struggling with their job duties,...
“When it rains, it pours” is a popular phrase in our lexicon, but do you know where it comes from? It actually comes from a very popular marketing campaign for Morton Salt. If you want to read the whole story click on this link; but the short version is that...
In the post-pandemic world one thing small businesses are still having to deal with is supply issues. And it raises a real issue that many business owners don’t think about until they are ready to sell their business. What many business owners don’t know is that potential buyers will be...
Hiring is currently a top concern for many of our business owners. With that in mind, here are a few resources from our Insight archives that might be helpful if you need to hire during this market: Why would someone want to work for you? Five Underused Resources for Hiring...
Multitasking. It’s a buzz word in many businesses, but especially small businesses. In a small business, team members must often fill more than one role. So there tends to be a lot of jumping from one task to another, without much warning. And while it can seem efficient. It’s often...
What type of goals does your business set? We’ve found that many small businesses are good at setting result-based goals. These are goals that spell out the desired result. An example of a result-based goal is: “Increase our revenue by 20% this year.” While result-based goals are needed, there are...
As a business owner your job should continue to evolve. More than likely you were the technician of your business when it started. You not only sold, but also delivered on, the promises you made to your clients. As a business grows it’s common for the business owner to go...
What does your team do with a problem? Stop for a moment and think about how well your team handles problems within your organization. Do they handle it themselves? Do they ignore them? Do they tend to make them seem larger than what they are? Do they bring those problems...
When a business isn't getting the results you need there is always a design issue. It may not be an obvious design issue. For many small business owners, the answer is to work harder: sell more, stay later, put out more fires, invest more cash, hire more people, etc. It's...
